Repository:
Stanford University. Libraries. Dept. of Special Collections and University Archives.

Abstract: The bulk of this collection consists mainly of negotiation files for each country the Foreign Bondholders staff were monitoring.
The rest of the collection is made up of administrative records typical of a non-profit organization, such as Articles of
Incorporation and bylaws, board correspondence, minutes, financial statements and reports. The papers in this collection
cover the Foreign Bondholders Protective Council from their inception in 1933 to the late 1980s.

Physical location: Stanford University Libraries. Dept. of Special Collections and University Archives.

Languages:
Languages represented in the collection:
English

Access

Collection is open for research; materials must be requested at least 24 hours in advance of intended use.

Publication Rights

Copyright in papers created by the Foreign Bondholders Protective Council, Inc. is administered by their designee. Copyright
in other papers in the collection may be held by their authors, or the authors' heirs or assigns. Researchers must obtain
the written permission of the holder(s) of copyright and the Dept. of Special Collections and University Archives before publishing
quotations from materials in the collection.

Accession number: 2001-340. The collection was donated to Stanford University, Department of Special Collections and University
Archives in 2001.

Processing Information

Due to limited resources and the extent of the collection, minimal processing occurred to large portions of the collection.
Scholars will find paperclips, staples, and other original bindings along with letters in their original envelopes. Also,
original folders were retained and refoldering occurred only when necessary for preservation purposes. A date span was given
whenever possible.

In most cases, box listings feature the original folder names. Since no arrangement occurred inside each individual folder,
scholars should note that the accuracy of the folder heading could be suspect. An exception to this would be the Richard
Dine subseries in Series 1 where folder level processing did occur.

Biography / Administrative History

Under Title II of the Securities Act of 1933, a provision was made for the creation of a Corporation of Foreign Security Holders,
to be effective when the President of the United States "finds that its taking effect is in the public interest, and by proclamation
so declares." It was contemplated that the activities of the new corporation would be similar to those of the British Corporation
of Foreign Bondholders, which has an official status in negotiating with foreign issuers.

The act states that the corporation shall be created "for the purpose of protecting, conserving and advancing the interests
of the holders of foreign securities in default, however, President Franklin D. Roosevelt decided that it was not in the public
interest to set up a corporation, provided that an adequate private organization could be created instead. To that end,
the Secretaries of State and Treasury and the Chairman of the Federal Trade Commission requested the formation of the Foreign
Bondholders Protective Council Inc. in 1933 to negotiate with foreign governments on behalf of American holders of defaulted
foreign dollar bonds. The Council was a private, non-profit public service organization whose officers, directors, and members
served without pay. The Council did not act as the agent nor entered into any kind of agreement with any bondholder.

Other related collections at Stanford University are the main library's copies of the British Corporation of Foreign Bondholders
(CFB). The original British records are located in the Manuscripts Section of Guildhall Library, London (collection Numbers
15748-814 and 34586-830).

Scope and Content of Collection

The bulk of this collection consists mainly of negotiation files for each country the Foreign Bondholders staff were monitoring.
The rest of the collection is made up of administrative records typical of a non-profit organization, such as Articles of
Incorporation and bylaws, board correspondence, minutes, financial statements and reports. The papers in this collection
cover the Foreign Bondholders Protective Council from their inception in 1933 to the late 1980s.

Indexing Terms

The following terms have been used to index the description of this collection in the library's online public access catalog.

Series 1. Individual Country Negotiation files (Arranged alphabetically)
The first series consists primarily of negotiation files created by the Council staff to monitor each individual country?s
political and economic development. The files were originally bound and contained press clippings, correspondence, memos,
press releases, and telegrams. Some countries? negotiation files are followed by supplemental reports and agreements and,
in a few cases, more focused correspondence.

Processing for the first series occurred at the box level. An exception to this would be the German negotiation files which
are more organized due to their size. The German files are arranged alphabetically within the following categories: general
negotiation files, cities/states, banks, churches, corporations, utilities and miscellaneous. Scholars should note that the
German corporation and German utilities files sometimes contain final signed memoranda of terms, correspondence, etc.

Series 2. Administrative Records
The second series consists of routine administrative records created by the day-to-day operations of the Council and their
staff. This series has four subseries: board files, Richard Dine?s files, working files, and publications. Some parts of
this series were processed at the folder level.

Subseries 2.1, Board files, contains the Articles of Incorporation and bylaws for the Council, meeting agenda packets, correspondence,
minutes, press releases, and annual reports. Of interest is a White House press release announcing the creation of the Foreign
Bondholders Protective Council in 1933. Also of note is a small, typewritten transcript of President Franklin D. Roosevelt?s
pencil memorandum stating he wanted a private organization to represent bondholders rather than a government run corporation.

Subseries 2.2, Richard Dine files, detail the Council?s operations in the 1980s. Since Richard Dine was the Assistant Secretary
to the Council, the files contain correspondence (not necessarily written by Dine) regarding selected countries? debts, miscellaneous
administrative and board records, and financials. Folder level processing did occur in parts of this subseries.

Subseries 2.4, Publications, contain miscellaneous publications created in the United States and abroad relating to finance
and investments. They include United States congressional hearings, scholarly journals, and unpublished academic thesis and
research papers.

Related Material

Other related collections at Stanford University are the main library?s copies of the British Corporation of Foreign Bondholders
(CFB). The original British records are located in the Manuscripts Section of Guildhall Library, London (collection Numbers
15748-814 and 34586-830).